Foraco International (TSE:FAR) Hits New 52-Week High – Still a Buy?

Foraco International SA (TSE:FAR) reached a new 52-week high on Tuesday . The stock traded as high as C$3.01 and last traded at C$2.95, with a volume of 356597 shares traded. The stock had previously closed at C$2.90.

Foraco International Stock Up 0.3%

The firm has a fifty day simple moving average of C$2.48 and a 200 day simple moving average of C$2.17. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.88 and a current ratio of 1.43. The company has a market cap of C$290.65 million, a PE ratio of 18.41 and a beta of 0.71.

Foraco International (TSE:FAR) last released its earnings results on Thursday, October 30th. The company reported C$5.49 earnings per share (EPS) for the quarter. Foraco International had a net margin of 8.42% and a return on equity of 31.54%. The business had revenue of C$98.89 million for the quarter. Equities research analysts predict that Foraco International SA will post 0.5984655 EPS for the current year.

About Foraco International

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.